Analysts Set Paramount Resources Ltd. (TSE:POU) PT at C$37.25

Shares of Paramount Resources Ltd. (TSE:POU - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$37.25.

A number of equities analysts recently weighed in on the stock. Cormark raised shares of Paramount Resources to a "hold" rating in a research note on Monday, September 23rd. CIBC boosted their price target on shares of Paramount Resources from C$37.00 to C$38.00 in a research report on Monday, July 15th. Cibc World Mkts raised shares of Paramount Resources from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group lowered their price target on shares of Paramount Resources from C$36.00 to C$29.00 and set a "buy" rating on the stock in a report on Monday, September 16th.

Paramount Resources Stock Down 1.3 %

TSE POU traded down C$0.35 on Tuesday, reaching C$26.95. The company had a trading volume of 195,819 shares, compared to its average volume of 283,820. The firm has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 0.14 and a beta of 3.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.68 and a current ratio of 0.75. Paramount Resources has a 1-year low of C$24.51 and a 1-year high of C$33.06. The company's fifty day moving average is C$26.70 and its 200-day moving average is C$29.25.

Paramount Resources Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.80 dividend on an annualized basis and a yield of 6.68%. Paramount Resources's dividend payout ratio is currently 76.27%.

Paramount Resources Company Profile

Paramount Resources Ltd. explores for and develops conventional and unconventional petroleum and natural gas reserves and resources in Canada. The company holds interests in the Karr and Wapiti Montney properties covering an area of 109,000 net acres located south of the city of Grande Prairie, Alberta; Kaybob North Duvernay development and natural gas producing properties covering an area of 124,000 net acres located in west-central Alberta; and Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia covering an area of 249,000 net acres.